Corporation Tax is a requirement of all limited companies in the UK. Tax must be paid on all profits generated by the business. You must register to pay Corporation Tax within three months of beginning to trade.
We work with you and the key people in your business to ensure we fully understand how the business works, as well as being clear on the key performance indicators of the business.
Corporation Tax can be complicated to get right, but we can ensure that you are paying tax in the most effective and efficient way, as well as keeping you and your business abreast of changes to tax laws as soon as they happen.
We will help you to complete your returns and advise on the likely effect of your business’ plans on taxation, as laid out in HMRC guidelines. Aside from the usual day-to-day Corporation Tax, major company changes such as acquisitions, mergers, or major restructuring of any kind can lead to a change in the taxation of your business.
Aside from this, there are various scenarios in which tax relief options are available to businesses, regardless of size. We can provide guidance on the different types of tax relief that are most relevant to you. We’ll help you to understand allowances and liaise with HMRC on your behalf to put them in place.
Our approach:
At Jacky Gregory Accountants, our service covers all major aspects of Corporation Tax management. Such as:
- Completing annual corporation tax returns
- Calculating corporation tax payable in different scenarios
- Claiming capital allowances and annual investment allowance
- Advising on dividends and salaries